The headline from his ABC News blog [emphasis added]: “Gregg Withdrawal Embarrasses White House.”
From the Stephanopoulos item:
Yet, it is an amicable split. Both men have said they admire each other. Gregg said during his news conference today that he still thinks Obama will be a good president, and that he likes his bank plan. Obama, too, said that he admires Gregg's independence and thought it would be a plus in the cabinet. Now, however, it's an embarrassment to both men.